The June PMI from Markit
- Prior was 50.7 (a series low)
- Estimates ranged from 49.9 from 52.0
- Output 50.9 vs 49.4 prior
- Employment 51.0 vs 51.3 prior
- The full report
"Despite stronger new business growth, a number of manufacturers noted that heightened economic uncertainty had led to delayed decision making and greater risk aversion among clients in June. Moreover, concerns about the business outlook contributed to tighter inventory management across the manufacturing sector."
Chief economists Brian Williamson said "any improvement could be largely traced to better export sales, in turn linked to the weakening of the dollar compared to earlier in the year."
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